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Stocks End Higher After Early Stumble

Dow ends day up 122
By Newser Editors and Wire Services
Posted Oct 3, 2019 3:07 PM CDT
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Specialist Lingbo Jiang works at her post on the floor of the New York Stock Exchange, Wednesday, Oct. 2, 2019.   (AP Photo/Richard Drew)

(Newser) – The stock market shook off an early stumble and ended broadly higher, breaking a two-day slump that got October off to a miserable start, the AP reports. Big technology companies and drug makers led the gains Thursday, while materials makers and banks pulled up the rear. The early slide was caused by another weak sign on the economy. Growth in the services sector slowed to its lowest level in three years. Consumer products makers did well, led by a 3% jump in Pepsi after the company reported solid quarterly results. The S&P 500 rose 23 points, or 0.8%, to 2,910. The Dow Jones Industrial Average rose 122 points, or 0.5%, to 26,201. The Nasdaq rose 87 points, or 1.1%, to 7,872. (Read more stock market stories.)

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